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Zscaler figures demonstrate how fickle the markets are with cybersecurity products. As the company announced weaker than expected fiscal 2025 forecasts, yet beat earnings expectations. With full year revenues close to analysts expectations, albeit net income per share was down.
As the article points out, with a back drop of macro economic uncertainty and higher interest rates clients are cutting back on critical security expenditure. Cut backs that may be in contradiction to U.S and EU regulators expectations of covered entities demonstration of the management of cyber risk, governance, oversight and assurance. risk that is mitigated through the use of amongst other things technology platforms.
Cyber tech is going through change. We are not addressing the root cause of the adoption of cyber tech, its not an annuity sale, it’s becoming a compliance sale. One that is tied to legal and regulatory compliance. One wonders if the fickle nature of capital markets, adoption of cyber regulation and a general lack of corporate understanding of cyber risk will weigh heavily of cyber tech stocks. As capital markets start to come to terms with the broader impact of cyber and ICT risks.
@Thaddeus Dziekanowski Brian D. McCarthy
Veritas GRC
#cybergoverance #cybersecurity #cyberriskmanagement
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